Perfect illustration of a Flag formationThis was an analysis of the DXY I did previous to the whole price movement upwards. My analysis was projected 09/09/2016 at around 7am before the market started moving. This is just to show you that technical analysis is a strong and very reliable method to make profits within the financial markets. I projected the MinPO from the previous spike upwards and predicted the same movement again after a the pull back (flag). The MinPO (Minimum Price Objective) was successfully hit... now a possibility for another flag formation in this pull back? Keep an eye out for this pattern... but of course the probability of this pattern occurring again is now lower, since market has already shown such price movements previously. APPROACH WITH CAUTION (Stop loss a bit tight maybe?)
